Thursday, November 26, 2009

FKLI : morning gossip....70-73

DJ +30, mild gains before Thanksgiving holiday tonight.


8.30 : DJ futs -2. NK and Kos near +0.5%. Mkts are pricing in strong commodities price again. CO near year high, SO year high, Gold record high.

Fkli will return to 70s. If we r lucky maybe we will see the mkt touching the higher band of 70-75 range. But given fbmklci sluggish, keeping my fingers cross.

Still, strong commodites will limit dwside potential. So focus is buy if above 68. 68-73 is range trading.

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